Aeternity (AE)

MARKET CAP

24H VOLUME

SUPPLY

24H LOW/HIGH

$0.4148 - $0.4373

฿0.00010625 - ฿0.00011025

ALL TIME HIGH

$5.86
-92.63%

฿0.00150000
-92.67%

1-Year ROI

-80%Feb 22, 2018

Buyers 35%

across 17 markets

65% Sellers

AE=

What is Aeternity?

Aeternity (Æternity) is a smart contract blockchain platform where the contracts can be fed real life information. This is possible because of an inbuilt oracle that gathers the information for smart contracts to use. Also, the Aeternity project introduces State channels - off-chain executed smart contracts. In state channels blockchain enforces the smart contract code only in case of a disagreement between the contract parties. Consensus on the network is made with a "Cuckoo Cycle" PoW algorithm. It uses RAM resource of the devices making mining of the native cryptocurrency smartphone friendly. The token used as a transactional currency and as a governance tool on the Aeternity network is called Aeon. Staking said coin, gives voting rights, with votes weighted by the amount staked.